Retirement Can Ruin - Saksham Wealth€¦ · WEALTHY & WISE PAGE 03 H ealthcare costs in retirement...

Out Of Pocket

Medical Spending In

Retirement Can Ruin

Finance

03

Estate Planning :

Sooner The Better

The Changing Jobs

Landscape

Last To Enter, First To

Exit - Perennial

Investor (MIS)behavior

Decipher The Book:

“The Behavior Gap”

By Carl Richards

Welcome To The future

: “Buddy” Companion

Robot

Bye Bye Lithium, Say

Hi To Bacteria…

A Casual Conversation

With The Common

Investor!!!

Real Estate >>>

Macro Trends

Market Insider

05

09

12

1419

17

20

26

30

12

03

ScorecardEarly Romans used salt as a form of

money. In fact, the word “salary” comes

from sal, which means “salt” in Latin.

28

CONTENTS

WEALTH INSIGHT MAGAZINE

20

17 05

09

Out of pocket medical spending in retirement can ruin finance

WEALTHY & WISE PAGE 03

Healthcare costs in retirement can be

staggering. You are older, your body is

more vulnerable and prone to disease

and medical expenses increase every

year. Even though your Mediclaim

policy may provide coverage, still you

may have to spend out-of-pocket

health care costs.

Many retirees are not prepared for the

high-cost of medical care in

retirement, when they are no longer

part of a company plan. And, too

many people believe that their

Mediclaim policies shall see them

through their lifetime.

Well the truth lies somewhere else.

Actually, your Mediclaim policies will fall

way short of your medical expenses.

When people ask me, how much

Mediclaim coverage is sufficient, then for a

Retiree, I suggest, at least Rs 30 lakhs.

Unfortunately, most of the insurers decline

such high coverage at this age, or it costs

a bomb!

Anyways, even if they get coverage for this

amount, still it will fall short. Lets

understand with the help of this illustration:

If you retire at age 58, with an assumption

that you may require Rs 30 lakhs as

medical expenses over the remaining life,

you chose to take Mediclaim coverage

accordingly.

Considering that Medical costs

dramatically outpace inflation (as in the

past), with 12% annual cost rise, the

similar medical facilities shall cost you:

• Rs 93.17 lakhs when you are 68 yrs.

old

• Rs 2.05 Croreswhen you are 75 yrs.

old

• Rs 6.39 Crores when you are 85 yrs.

Back to index


Are the figures above shaking the

ground underneath for you? The

figures mentioned above are based on

genuine assumptions based on recent

10 years averages. Your Mediclaim

policies cannot match the inflation that

increases medical costs. The cost of

medical care has outpaced inflation

for the past 20 years. These increases

are expected to continue in the years

ahead. Some industry surveys predict

that costs will rise as much as 15

percent annually. These growths will

double the cost of retiree health care

in just five years. Furthermore, health

spending as a share of after-tax

income will rise dramatically. In US, in

2000, health care spending for older

married couples was 16 percent of

their total income.

According to the Center for

Retirement Research, that number is

expected to increase to:

- 29 percent in 2020.

- 35 percent in 2030.

Why is healthcare getting more

expensive? There is a good reason &

a bad reason. The good reason is

about medical advancements that is

helping you live longer. The bad

reason is that many more new types

of disease and disorders are affecting

the health.

The medical profession is making

some astonishing findings and

treatments. These developments

promise a remarkably long and

hopefully good quality of life for the

aged – but they will be increasingly

expensive.

Sameer Rastogi,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

The Feeling of trying to keep up with healthcare costs

Back to index

Estate Planning: Sooner The Better


The most ignored, yet important, facet

of wealth management is estate

planning. Wealth management is far

beyond only wealth creation. It also

involves protection, preservation and

succession of one’s possessions.

Organizing your family’s financial

affairs is important. If you were to

become incapacitated or die, planning

ahead can make sure your estate is

disposed of in accordance with your

wishes, and help avoid legal

complications.

Main component of estate planning is

designating assets, whether it's your

ancestral agricultural or residential

land or your own house or even a

stock portfolio. Without an estate plan,

the courts will often decide who gets

your assets, a process that can take

years and can get ugly.

Some of the key components of estate

planning are following:- Will, Power of

Attorney, Nomination in investments.

A Will and Testament is a written

document of your desire for

distribution of your wealth to the loved

ones. You can change your Will as

many times as you want. Without a

valid Will, the distribution of your

assets will not be according to your

wishes, but as per the law of the land

A Power of Attorney for general or

business purpose will designate

someone to act for you in case you

are incapacitated and unable to make

decisions for yourself.

Another important aspect of planning

is Nomination. A lot of us overlook

nomination details in most of

investment ventures as just another

formality. One reason for this is that it

is not compulsory. However, proper

nomination is important to ensure that

your loved one’s do not face legal

issues.

Estate planning is all about protecting

your loved ones, which means in part

giving them protection from big tax

hits. Essential to estate planning is

transferring assets to your loved ones

with an eye toward creating the

smallest tax burden for them as

possible.

Back to index


Increased purchasing powers, rise in

life expectancy and related concerns

about outliving retirement are primary

factors to be considered while estate

planning.

Still, only a small minority of people

are looking at this side of planning and

are being careful for later stage. This

helps them in avoiding property

disputes and many other headaches

for the future.

A study conducted by a Bengaluru-

based non-government organization

(NGO) has shown that a judge in a

high court spends less than five

minutes hearing a case, on an

average. A whopping 2.8 crore cases

are pending in district courts across

the country. There are 1696 cases

pending per judge in India. It is an

alarming scenario.

Who can forget spat over property

between retired business tycoon

Vijaypat Singhania, his son Gautam,

and his nephews. It has been a long

drawn legal battle & still going on for

last 5 years. It has left bitterness

among close family members. These

things clearly show that one need to

address these small yet significant

things to ensure that you or your loved

ones don’t have to see the steps of

the courthouse.

Back to index


One of the most general reason for

family disputes in India as in the rest

of the world is weak estate planning.

Estate planning is a neglected topic in

India mainly because of the emotions

attached to it. People generally avoid

committing themselves to estate

planning in their younger years purely

out of ignorance and misbelief that it is

meant for older people. This attitude

exposes their families to vagaries of

life.

It is noteworthy that more & more

younger people are now subscribing

to Term Assurance. Therefore, it can

be safely assumed that they are

aware of the risk of death. Why they

avoid estate planning is a mystery.

WHY IT MATTERS:

Estate planning is for everybody, not

just for the wealthy.

Without an appropriate estate plan,

friends and relatives can spend a

lifetime (and their life savings) battling

over your assets. It can be

intimidating, but it is a necessary step

in ensuring your assets end up where

you want them, without any

interference.

Despite the clear legal benefits, the

tendency persists of ignoring or

deferring estate planning. One’s

haziness about how to go about it

renders it even more important to

place the responsibility for estate

planning in skilled hands, which

could then give it the attention and

consideration it deserves

Sameer Rastogi,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

Back to index

Estate planning is an important and everlasting gift you can give

your family. Leaving your wealth to your loved ones can make a

tremendous impact on their lives. We can help with your estate

planning so that your loved ones can enjoy their happiness.

MUTUAL FUND | ESTATE PLANNING | RETIREMENT PLAN | FAMILY WEALTH | INSURANCE | REAL ESTATE

TO KNOW MORE

SAKSHAM WEALTHBack to index

THE CHANGING JOBS LANDSCAPE


Technology has an undeniable

impact in improving living standards

and increasing productivity. But with

the rapid technological advancement

of recent years, computers are

increasingly encroaching on domains

that were previously considered

exclusively to human resource.

Artificial intelligence is already

transforming the world of work, but the

future is hard to predict. Classical

manufacturing ways & service-aligned

businesses are being disrupted in a

never seen before manner.

The first three industrial revolution

were sparked by steam engine,

electricity & computers. The fourth

one will pushed by automation,

augmented reality, cyber-security,

cloud computing to name a few.

There is rampant worry over potential

impact of these factors on rate of

employment. According to a recent

report published by MIT, Artificial

Intelligence (AI) will not exactly

eliminate jobs, but it will deconstruct

them in the near future. IT services

industry alone is set to lose 6.4 lakh

low-skilled positions to automation by

2021, according to HFS Research

report.

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Another report by Mckinsey suggests

that 400-800 million jobs around the

world could be displaced by the end of

2030. This will lead to need for re-

skilling and training the workforce. We

must be fully prepared to embrace the

new era of AI, blockchain, additive

manufacturing and emerging

technologies. According to a PWC

report, AI will contribute as much as

$15.7 trillion to the world economy by

2030.

In general, automation affects

employment in two opposite ways:

Negatively – by directly

displacing workers from jobs they

were previously performing

(displacement effect)

Positively – by increasing the

demand for labor in other

industries or tasks that arise due

to automation (productivity effect)

Back to index


Two of most centered fear is that new

technological advancements would

lead to rise in inequalities and lack of

social blend. Elon Musk has stated

that AI represents an essential threat

to humanity and has suggested tight

regulations on its application. Bill

Gates has said that robots need to be

taxed to compensate for greater

efficiency compared to humans and

suggested the pace of automation

should be closely monitored. Still AI/

Automation can be a game changer in

various fields like Governance,

Education System, Banking network

and various others.

The advent of artificial intelligence,

sharing economies, automation and

digital currencies are likely to disrupt

the face of the Indian business

landscape, as we know it today.

According to Accenture report AI has

the potential to add $957 billion to

India’s economy by 2035, lifting it by

15%.

What should we as a nation need to

do to embrace technology, create new

jobs and meet the requirements of the

changed scenario?

• Reorient India’s education system

to emphasize skills development

rather than mere degree hunting

attitude.

• Look to constantly upgrade skill

level.

• Create a highly flexible, resilient

and adaptive workforce

• Prepare to embrace the new era of

AI, blockchain, additive

manufacturing and emerging

technologies.

To sum it up, upcoming years will not

be of unemployment, but of

redeployment. Beyond that, however,

the picture is far less clear.

Abhay Gupta,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

Back to index

Decipher The Book: “ The Behavior Gap”


Generally, the simplest advice is the

most effective if taken to mind and

put into practice. “The Behavior Gap:

simple ways to stop doing dumb

things with money” by Carl Richards

presents a astute narration of

investor's mind & behavior. Author is

a founder of Prasada Capital

Management, and regular contributor

to the New York Times Bucks Blog

and NPR's Marketplace Money. He

is famous for making his expressive

points using a marker and a paper

napkin.

Book’s main premise is that being a

good investor isn’t necessarily about

skill and wisdom or, being able to

time the market, but it is about

discipline. It is human nature to buy

high and sell low because of greed &

fear. He reinforces that people

should just tune out the white noise

and ignore the chatter in order to

grow the portfolio.

Carl does an exceptional job of

laying out a number of provocative

concepts:

–We don’t beat the market, the

market beats us.

–Investment mistakes are investor

mistakes.

–Financial life planning vs. financial

planning.

We Don’t Beat the Market,

the Market Beats Us

Basically we can only blame

ourselves for crappy returns

because investment mistakes

are investor mistakes, and we

can also blame our emotions,

fear and greed for this.

Back to index


Financial Life Planning

Interesting chapter because it

emphasizes focusing on

experiences rather than material

goods and also focuses on what

you want out of your life. Like it

or not, money plays into helping

our dreams come true.

When We Talk about Money

In this chapter, Carl Richards

talks about relationships and

money and how we should have

open conversations about

money but not force the other

person to mold and have similar

values as us because people

are all different.

Richards coins the term “behavior gap”

to describe “the gap between investor

returns and investment returns,” a

phenomenon that occurs when

individuals make decisions that work

against their best financial interests—in

fact, he writes, “all investment mistakes

are really investor mistakes.” Investing

is based in choice, and people need to

accept responsibility for their actions

instead of blaming external factors like

a volatile market or troubled economy.

The path to success requires managing

emotional responses to recessionary

downturns, which play on investor fear,

and prosperous upturns, which play on

investor greed.

It’s a highly recommend book to one

and all. Whether you are a new investor

just starting out, or a veteran investor, I

think its a great read. It is important to

keep in mind that this book is not going

to give out a secret to get rich quick or

provide recommendations one way or

another, but provides illustrations that

are thought-provoking in understanding

the human psyche and how it plays a

huge part in market cycles. It is

important to focus on the life planning

and the financial planning will/should fit

into that.

Abhay Gupta,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

Back to index

Last To Enter, First To Exit - Perennial Investor (MIS)behavior


Well one can find infinite

thesis/research around this one of the

most discussed topic: Why small/

individual Investors always tends to

lose money. Individual Investors tend

to follow the trend rather than the

principles, which govern the fund

growth. Several in-depth studies

points to one simple realization, small

investors are the last few people to

buy the stock or mutual fund.

According to study conducted way

back in 2012 by Hyderabad-based

Indian School of Business. Individual

investors in India systematically lose

out to other categories of players

because they sell the winning stocks

too quickly and hold on to the losing

stocks too long. They consistently

chase a zero rate of return on their

stock investments when they make

decisions themselves.

Let us analyze a small Investor

Psyche:

So, an investor generally invests in

equity in hope of high return & to

make a killing in the market. The said

Investor is least prepared and least

bothered as to how to select funds, he

just wants to ride the upside wave. At

no other place will a person spend

money on someone’s sane or insane

advice, as he would do in the equity

market. Just as an example, suppose

you want to buy a new mobile phone.

Do you buy just because someone

recommended it, - of course not. You

will go to innumerable Mobile

showrooms or E-commerce website,

checks out its online reviews and

depending upon your necessity will

decide which one to buy. And here we

are talking of a maximum investment

of 20K-50K. But in the large equity

investment scenario, Investors put

faith and money to the tune of Lakhs

of rupees just based on either family &

friend’s advice or even overheard

conversation.

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During the peak time often stocks or

mutual funds experience sell off

pressure due to profit booking

activities by professional investors, the

value of the funds usually takes a hit.

But, small investors still hang on to

their investment in the hope of

experiencing the peak again. The

common nature of aversion for loss

makes them sell their investments at

the first sign of recovery. It is evident

that individual investors incur loses

only because of lack of discipline and

lack of knowledge when it comes to

investing.

This reality is not limited to India, but

is global phenomena. Every bull

market is followed by a strong

retraction if not a bear rally. Small

Investors get mauled down to never

return to the market. But in the next

rally a new wave of Investors come to

make the same mistakes.

All investors should follow prudent

investment advise and not follow the

herd mentality. They must avoid the

whimsical investment pitches and the

promises of riches. As in the story of

the Tortoise and the Hare, a “slow and

steady” always wins the race. Avoid

the glamorous pitches and strategies,

and instead stick with proven

investment approaches for the long

term. Though you might lose a bit in

the short-term, ultimately the slow-

and-steady approach will steer you

towards achieving your financial

goals.

Sameer Rastogi,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

Back to index

SAKSHAM WEALTH


Money is multiplied in value depending on the

W’s you control in your life: what you do,

where you do it and with whom you do it.

We understand this. That’s why, all our investment solutions are

aimed at financial wellbeing of your family. From start till the end,

each family member is kept in focus to ensure individual &

collective prosperity in your family

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Welcome to the future: Buddy companion robot


Most of us who have seen Star Wars must be familiar with C-3P0 or R2-D2, friendly

robots running toe to toe with Han Solo. We all at some point of time have dreamt of

adopting/owning those kinds of robots. Now those dreams can be turned into reality,

presenting “BUDDY” by Blue frog Robotics.

At its core, this is a friendly companion robot. It entertains and educates, makes videocalls and even sends messages to family and friends. It is the revolutionary companionrobot that improves your everyday life. The maker of Buddy Rudolphe Hasselvander says“It’s been a long time dream of mine to bring a companion robot to mass market. BUDDYis the manifestation of this dream: a friendly robot that helps with day-to-day life but alsoboasts the latest in robotics technology”.

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The robot is mounted upon three

motorized wheels that allow him to

move around and turn autonomously.

He can move at up to speed of 2.5

Km/hr. It is 22 in (56 cm) tall and

weighs 5 kg (11 lb), controlled by an

8-in tablet that also acts as his face

and an interface, has 16 GB of local

data storage and a battery life of 8-10

hours, as well as built-in Wi-Fi and

Bluetooth Low Energy connectivity.

Buddy can take care of younger, older,

and less mobile people by providing

companionship and help with day-to-

day activities. When users are away

from home,

Buddy can patrol the premises and

detect any fires, floods, burglars or

other unusual activity. It can also play

games, such as hide-and-seek with

kids and test them on their homework.

He also acts as a means of

introducing children to robotics and

the digital world.

Currently the company has stopped

preorders, but one can check its

availability on

https://adoptbuddy.com/en/. When it

was available it was priced at around

$549(Rs. 35,000 approx.) fairly low

price for this unique robot.

Abhay Gupta,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

Back to index

https://adoptbuddy.com/en/

Bye Bye Lithium, Say Hi To Bacteria…..


Bacteria are microscopic living

organisms, usually one-celled, that

can be found everywhere. They are

generally considered dangerous; we

wash our hands of bacteria. We avoid

bacterial infection, but what if, these

bacteria apart from being used to

make anti-biotic could also solve our

electricity problem.

An IIT Kharagpur research team lead

by Ramya Veerubhotla has developed

a disposable and flexible battery made

from paper that could generate power

from the bacteria present in sewage

water.

This battery’s uniqueness is in solving

the problem of bulky batteries. The

device is made on a paper platform

and hence is light, unlike other

batteries. The battery is made using

air cathode, and the anode can be

prepared from any simple carbon-

based material. It’s disposable,

flexible and lightweight at the same

time. The power generated from one

cell is in the range of a few

microwatts. More cells mean more

power.

The team ‘Team Electrode’ won Rs 10lakh in cash prize for its innovation. Itcame out on top competing against12,000 others. The judging panelawarded the team on the basis ofnovelty, affordability and commercialviability of the proposed idea.

It may be at infant stage for commercialusage, but one can’t deny its innovativetechnique plus it is 100 percentbiodegradable and environment-friendly.Which is the need of the hour. Thesevisionary students prove that India is onthe right “Path To Glory”.

Ramya

Veerubhotla

Abhay Gupta,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

Back to index

A casual conversation with the common investor !!!


Ramya

Veerubhotla

My casual conversation with

a prospective investor !

Prospect: So, what exactly is your

business model?

Me: I help my clients in allocating

assets in a manner that they achieve

their financial goals.

Prospect: How do you do that ?

Me: We discuss the personal financial

situation, quantify the ambition and

create a financial path !

Prospect: Oh that’s too much of

jargon. Are you saying that you create

a financial plan…the way many

websites do for FREE.

Me: I don’t know what they do. But I

generally do not create it for FREE.

Prospect: Never mind. But tell me -

Why should I hire you when I can

invest in the top performing stocks

and mutual funds myself.

Me: Sir, can you sing?

Prospect: Yes…why?

Me: Can you sing like Kishore Kumar?

Prospect: Not at all.

Me: Ok. Do you play cricket?

Prospect: Yes. Me: Do you play like

Sachin Tendulkar?

Prospect: Not at all..hmmm…I am

getting now what you mean.

Me: Like that we can all play cricket,

sing songs or cook food. It is all so

simple. But, we cannot do it like

masters. There is always a scope for

improvement in everything we do.

Prospect: Are you saying that you are

a master in Investments?

Me: No, I will never consider myself a

master. But, I can always prove that I

can invest better than you. With me,

you will invest better. Similarly, you

being an IT expert, can always write

software codes better than me. I

cannot challenge.

Prospect: This is just plain talk. I

would rather like to know your long

term portfolio performance.

Me: Sure. It is 16.13% CAGR in

Equity since 2003, and 9.38% in Debt

since then.

Prospect: Haha..! 16% is too less. My

portfolio has delivered 29% in last one

year alone.

Me: But my performance is

compounded for last 15 years, while

you are comparing it for last 1 year.

Back to index


Ramya

Veerubhotla

Prospect: See, I read newspapers andfinancial magazines. I know that therehave been some funds which havedelivered more than 16% in last 15 years.So, yours is still anunderperformance. Me: Sorry…I wouldlike to tell you that “Investment Return”and "Investor Returns" aredifferent. Prospect: Whatrubbish….how can they be different? Me: May I ask you, what has been yourportfolio performance for last 15years? Prospect: Who keeps track? Idon’t have the data. But, yes, myproperty has nearly become 4 times inlast 15 years. Me: So, 4 times in 15years is actually 10% CAGR which isnearly equivalent to Debt portfolioreturns. Also, you must account forInterest cost on home loan. Actual IRRwould be lesser. Prospect: But that isnot the only investment I have made. Iinvested in Stocks too. I started investingin 2005 on the basis of tips from friendsand family. Gradually I learnt the art ofpicking hidden gems at dirt cheap prices.One of the stocks became 5 times in just2 years. Me: Yes…I remember…thosetimes were crazy….till the party lasted in2008. Prospect: Yes, unfortunately, thestock markets crashed in 2008. I appliedall the right strategies to cut down thelosses. In 2009, I started taking advantageof lower prices in order to average thecost of holdings.Me: That’s awesome… Prospect: No…..Yaar. In 2009, while the SENSEXplummeted below 10000, there wasmassive panic selling. CNBC was comingout with projections that the index willfirst go to 5000 before it revives. Thedooms day theory was all so convincing.

Me: But the fall stopped at around 8900.So, what happened next. Prospect: Imade a blunder. I sold half my equityholdings at 10000 level. The index wentbelow that but jumped back to 16000 in amatter of just 6 months. Me: Oh…that’svery sad. But still, you must have not lostyour principal since you sold at the levelwhich was at par with 2005 level. i.e.Sensex being 10000 in 2005. Prospect:No. It didn’t work that way. 70% of myinvestment was made in 2007 when theindex hovered at a level of 16000 to21000. Me: So, you experienced yourfirst FINANCIAL INJURY in2009 Prospect: Financial Injury…whatis that? Me: I will come to that later. Tellme more. Did you shy away from themarkets then? Prospect: No. I wasalways into the market. One of the multi-baggers I held was UNITECH. You wouldremember that it had experienced nearly90% erosion in its value. I held that stockand also continuously infused moremoney with an aim to average the cost ofholding. My average cost of holding nowis around Rs 32/- Me: But the currentprice is around Rs 6/- Prospect: No, it ismore at Rs 7.50…it recently touched ahigh of 12. Me: OK. Do you plan to holdit now or sell….considering that themarkets are overheatedagain. Prospect: I actually sold somewhen the promoters of UNITECH wereput behind the bars in 2015.

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Me: Hmmm….so, that sale must havebeen a lower price than the current7.50.. Prospect: Don’t ask….it waspanic again. Me: Sure. Let us change thetopic. Where else you have beeninvesting? Tell me something about yourReal Estate investments. Prospect: Thathas not been as bad as Equity. Afterpurchasing my first property in 2005, Iinvested more and now I own 3. I have aloan on only one of them. Me: Great.You must be proud of them. Prospect:Yes. But, you see, the builder has nothanded over possession of the twoproperties, while there is one that I amliving in. Me: Thankfully, you are living inyour own property. Otherwise, peopleare living on rent and paying EMI’swithout availing any tax benefit oninterest. Can you imagine?Prospect: Oh certainly…..I have a friendin that worrisome situation. Investors likehim got into 5 properties and couldn’trepay their home loans. He stoppedtaking his family out for dinner justbecause of financial crunch. Me: So,which year you bought the last twoproperties. Prospect: 2011 and 2012.Real Estate was booming then. Me: But,the Rental Yields were fallingdramatically, and the economy was in apretty bad shape?Prospect: See, for you, it is easy to do apost mortem….and analyze things inhindsight. But, at that time, there was noalternative (TINA)(Financial Injury#2). Equity was bad and I have neverbeen a safety person. So, never thoughtof Fixed Deposits. On the other hand, thelure of real estate pre-launches wasgreat. People were making truckloads ofprofits.


Me: May be you are right….But I amsafety seeker. I always weigh betweenRisk and Reward before I invest. Forexample, when the Real Estate marketswere down in 2009-10, I purchased myhouse at price it could be purchased in2006. Moreover, I was always clear aboutnot taking the “BUILDER RISK”. i.e. I optedfor a 4 years old “Ready to Move”property rather than a pre-launch. Prospect: Yeah…it happens. NoPain – No gain…you see. Me:Yeah. Prospect: Enough about me. Iwould like to hear from you now… Me:Just one more question from my side.Have you dabbled in GOLD aswell? Prospect: Yes. In 2011, I tooksome exposure in Gold too at a price ofRs 24000 I think. You see Gold is thesafest asset. That investment is in profits.It went upto Rs 33000, plummeted to Rs23000 but now back at Rs 31000level.(Financial Injury #3) Me: Youmentioned that Gold is a safe asset. Withthat kind of volatility, would you considerGold safe? Secondly, at a meager 3.5%CAGR since 2011, you would had beenbetter in Debt funds. Prospect: Peoplecall it safe. You mean to say that theMedia and our elders don’t know thestuff? Me: I am only suggesting that youjudge it based on facts, rather thanbelieve hearsay. Prospect: I say it againthat for you a post mortem of facts iseasier. But, at that time, Gold wasbooming.

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Me: May be. But what I am saying is thatwith Gold also, just like Real Estate andEquities, you just went with the trend,falling prey to herd mentality. One shouldanalyze Gold future direction with thehelp of global macro trends and relativevaluation of gold with Dow Jones. We hadadvised our clients to enter gold when itwas Rs 8000 and exit call was given whenit was 18000/-. We saw the Gold to DowJones ratio becoming adverse forGold. Prospect: How can anyonemaster Global economics for such pettyinvestments? The topic is too vast. Idoubt anyone can…. Me: You are rightno one can. But, we can always look forfew important signals to understand thebroader macro environment. Prospect:Whatever! This is just too complicatedand I don’t care. I would rather focus onmy profession rather than wasting timeon all these numbers. You tell me in plainsimple way, how you can be of value tome? I can always look at the bestperforming MFs and invest online. I havemy relationship manager from Bankcalling me every other day for investmentadvisory. You see, I am a PrivilegedCustomer with them and they offer mespecial treatment. Me: I can save youfrom Financial Injuries! Prospect: Whatis that?Me: In Sports, players can face injuriesdue to wrong techniques, ill preparationsand over usage of certain muscles. But,once these injuries happen, they arenever 100% recovered and forever affectthe potential of the player. Likewise, in


personal investments, there are somelosses that will scar the financialwellbeing of investor forever. An investormay realize it or not, the time and IRRlost in bad investment is neverrecoverable. No amount of blame gameor self-justification will help. As youwould appreciate that your family’s goalsand well-being are dependent on successof yours as an investor. Come what may,your kids’ education, marriage and yourretirement will arrive at set timeintervals. You cannot delay the goals, butfinancial injuries will ensure that youhave lesser resource to fundthem. Prospect: I understand what youare saying. How do you wish to proceed?But remember, I will evaluate theperformance of your portfolio with myexisting portfolio. Once I am convinced, Iwill start putting in more money withyou. Me: As I earlier told you thatjudging my performance onmonthly/quarterly basis will underminethe broader approach of wealthmanagement. The process is not aboutonly beating the market or becoming richovernight. Risk management goes hand inhand. Prospect: But, how do I judgewhether you will be of value to me? Me:I told you in the beginning that myportfolio performance is 16% CAGR, whileit is difficult to arrive at your portfolioperformance. Probably, you are still intolosses or making a marginalprofit. Prospect: See, at that time, thetechnology was not so evolved. Today, Iknow that there are ROBO ADVISORSwho can do the job very easily. So, whyshould I hire you?

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Me: Are you referring to ROBO Advisorsbecause they are very convenient andcheap? Prospect: Certainly yes… Me:Do you know what algorithm is atplay? Whether the algorithm is foolproof? Or, there is no herd mentality trapthere? I suggest you read Yuval NoahHarari's Sapiens. He categorises StockMarkets under "Chaos 2" where analgorithms are bound to go wrong mostof the time. Prospect: I readnewspapers and there are somerecommendations for Robo Advisors.There are certain websites that providethe service. I will give them a try? Me:May I ask you one finalthing? Prospect: Please goahead… Me: Do you think that yourmoney and your family’s financialsecurity are like mice in the laboratory onwhich you will continue to doexperiments without worrying about thefinal outcome over next halfcentury. Prospect: I understand whatyou are saying. But, what can investorslike us do. See, it is very important tosave money wherever possible. Also, youdon’t guarantee that your suggestionswill deliver returns which beat themarket. John Bogle and Warren Buffettsays that Index investing is the best. Me:Sir, Warren Buffett himself is not an indexinvestor. John Bogle says that you canhave 30% active portfolio. Also, in reality,you are neither John Bogle nor WarrenBuffett. You have a family with goals. Yourincome is limited and investing is notyour profession.

WEALTHY & WISE PAGE 24Back to index

Me: So, how do you expect to fund theeducation? According to projections, thetotal cost for both kids should be around4 Cr to 5 Cr. Prospect: I am hopeful thatthe MF and Stocks portfolio will become3 times in next 5 years. Me: This meansthat you are expecting an IRR of nearly27% per annum over next 5years. Prospect: Why not? I am hopefulabout that. As you know, my last yearreturn has been higher. Me: What aboutrisk of market going down? Prospect:We will see when it comes. Me: Sir, Ihope and pray that you don’t fall victimto yet another Financial Injury in yourinvestment approach. I think we shouldconclude the meeting here. I request youto kindly reflect upon our discussion. Dolet me know if you think, I can be of valueto you and your family.


Sameer Rastogi,

SAKSHAM WEALTH

Solutions Pvt. Ltd.

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Real estate >>> Macro Trends


Indiabulls Real Estate's revenue grew 599.4% yoy to Rs 2,100.13 cr as

against Rs300.26cr in Q3FY17. The company's EBITDA margin has improved

by 134bps yoy to 11% as against 9.7%. PAT grew by 96.1% yoy to Rs85.39cr

as against Rs43.54cr.

• The office market witnessed sale of over 37 million sq.ft. in

2017, registering a growth of 5% on a y-o-y basis.

• Rents saw appreciation in most major markets with growth of

5% Y-o-Y.

• At a pan-India level, total office stock across the seven major

cities is forecast to reach around 600 million square feet by

end of 2019.

Piramal Enterprises reported a 21.37 per cent rise in consolidated net profit

to Rs 490.47 crore for the December quarter. Consolidated revenue from

operations also rose to Rs 2,858.36 crore for the quarter under review,

against Rs 2,341.74 crore in the same period a year ago.

Japan based Sumitomo Corporation has entered into a partnership with

Krishna Group to venture into the Indian real estate sector. The 1st project to

be undertaken by the joint venture will be Krisumi City. The build-up area of

the project is expected to be over 18 million sq.ft. The project will be

developed in Sector 36A of Gurgaon with an investment exceeding $2 billion

Commercial Office space

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2018 20252035

SAKSHAM WEALTH

Medical Expenses will keep on rising in your lifetime.

Did you take that into consideration while planning your

future goals….

Our fundamental analysis of macro economy &

healthcare inflation research keeps you AHEAD

from rising medical costs.


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Market Insider

Indian Equity Market SummaryIndian Debt Market Summary

WEALTHY & WISE PAGE 28Back to index


Global Equity Benchmark Indices Return (as on 14th March 2018)

Global Commodities Benchmark Return (as on 14th March 2018)

Returns upto 1 year are absolute & over 1 year are compounded annualized.

Returns upto 1 year are absolute & over 1 year are compounded annualized.

Commodities 1 Month 3 Months 6 Months 1 year 3 Years 5 Years

Crude Oil -0.49% 1.01% 15.42% 16.11% 6.52% -11.04%

Natural Gas 1.48% -37.41% -9.26% -17.78% -0.98% -9.70%

Coal -12.78% -7.71% -7.06% 12.74% 11.96% 1.10%

Gold 0.45% 0.60% 2.57% 3.85% 1.98% -5.17%

Silver 0.85% -4.11% -1.15% -12.21% -2.84% -12.76%

Platinum -3.43% 8.41% -1.87% 2.70% -5.44% -10.44%

Lead -9.69% -4.38% 0.00% 1.39% 10.36% 3.43%

Copper 1.28% 1.60% 4.49% 15.71% 3.89% -2.33%

Indices 1 Month 3 Months 6 Months 1 year 3 Years 5 Years

DOW JONES 2.29% 21.19% 11.99% 17.24% 10.62% 10.51%

FTSE 100 0.61% -3.83% -2.29% -1.98% 2.42% 2.19%

S&P 500 5.17% 4.35% 13.80% 15.20% 8.53% 11.28%

SENSEX -0.72% 2.02% 5.25% 13.12% 5.95% 11.16%

DAX 30 0.24% -6.51% -1.47% 2.43% 0.79% 9.68%

IBEX 35 -0.83% -6.18% -6.38% -6.12% -5.79% 3.95%

CAC 40 3.17% -1.38% 1.12% 5.72% 1.59% 6.14%

NIKKEI 225 2.66% -5.10% 8.98% 10.15% 3.20% 10.92%

SHANGHAI 50 0.93% 2.07% 7.70% 18.47% 2.70% 9.03%

HANG -SENG 6.05% 7.43% 12.32% 22.93% 7.70% 6.96%

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WEALTHY & WISE

TOP 10 MUTUAL FUNDS : EQUITY - SMALL CAP

TOP 10 MUTUAL FUNDS : EQUITY - MID CAP

DISCLAIMER: This document has been prepared on the basis of publically available data on best effort basis. The information contained in this document

is for general purposes only. The information/ data herein alone are not sufficient and should not be used for the development or implementation of an

investment strategy. The same should not be construed as investment advice to any party. The recipient(s) before acting on any information herein should

make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible/ liable for any decision taken on the

basis of information contained herein.

All returns upto 1 year are absolute & over 1 year are compounded annualized.

As on 14th March, 2018

Scheme AUM(Cr) 30 Day 3 Mon 6 Mon 1 Yr 3 Yr 5 Yr 10 Yr

Ratin

g

IDFC - Sterling Equity Fund Reg (G) 2483 -1.84 -0.79 2.82 32.34 13.82 21.8 18.6 ***

Edelweiss - Mid and Small Cap Fund Reg (G) 640 -2.45 -0.56 9.39 31.87 13.7 27.17 14.71 ****

Taurus - Discovery Fund (G) 52 0.18 3.25 5.08 28.85 13.44 22.6 7.82 **

Aditya Birla SL - Pure Value Fund Reg (G) 3079 -3.39 -1.56 4.5 28.41 17.88 29.12 NA ****

SBI - Emerging Business Fund Reg (G) 2420 -1.79 -0.33 8.4 27.58 12.39 18.6 14.67 **

Axis - Midcap Fund (G) 1301 2.49 0.76 5.31 27.14 9.26 21.47 NA *

L&T - Mid Cap Fund (G) 2222 -2.01 -2.22 2.88 27.1 17.44 29.3 17.08 ****

Escorts - Growth Plan (G) 5 -0.97 1.12 5.45 25.39 12.33 21.78 9.27 NR

Principal - Emerging Bluechip (G) 1669 -2.22 -2.04 2.76 25.28 15.62 27.14 NA ****

Can Robeco - Emerging equities Reg (G) 3208 -1.31 -0.44 2.96 25.23 16.42 29.69 18.24 ****

Scheme AUM(Cr) 30 Day 3 Mon 6 Mon 1 Yr 3 Yr 5 Yr 10 Yr Rating

SBI - Small & Midcap Fund Reg (G) 908 -5.33 -3.77 18.92 46.37 24.47 35.75 NA *****

HDFC - Small Cap Fund (G) 2423 -0.99 3.67 18.34 41.95 19.96 24.34 NA **

L&T - Emerging Businesses Fund (G) 4031 -1.92 0.08 8.24 38 23.1 NA NA ****

Reliance - Small Cap Fund (G) 6542 -3.9 -1.25 11.98 36.28 22.06 35.37 NA ***

Aditya Birla SL - Small & Midcap Fund Reg (G) 2022 -2.64 -3.48 5.81 26.92 19.38 27.61 16.07 **

HSBC - Midcap Equity Fund (G) 658 -4.17 -2.35 7.24 26.45 15.8 26.85 10.84 **

Sundaram - Smile Fund Reg (G) 1416 -4.31 -4.64 4.05 23.42 12.88 27.86 15.89 *

Franklin - India Smaller Companies Fund (G) 7280 -1.57 -0.84 5.62 23.22 15.58 29.91 18.22 ****

Reliance - Mid & Small Cap Fund (G) 3467 -4.42 -3.9 4.06 19.65 11.85 24.93 15.2 **

DSP BlackRock - Micro Cap Fund Reg (G) 6469 -3.94 -4.12 6.82 17.81 17.53 32.67 19.87 ***

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TOP 10 MUTUAL FUNDS : EQUITY - MULTI CAP

TOP 10 MUTUAL FUNDS : EQUITY - LARGE CAP

PAGE 31WEALTHY & WISE

TOP 10 MUTUAL FUNDS : EQUITY - HYBRID

TOP 10 MUTUAL FUNDS : EQUITY - INTERNATIONAL


Ratin

g

Aditya Birla SL - India Oppt Fund Reg (G) 144 1.59 7.35 19.51 33.79 13.24 25.41 13.51 NR

Invesco - India Growth Fund (G) 300 -0.03 1.29 4.42 24.7 10.32 18.63 12.13 *****

DHFL Pramerica - Large Cap Fund Sr1 Reg (G) 31 -0.83 3.09 3.26 23.48 NA NA NA NR

Edelweiss - Equity Opp Fund Reg (G) 273 -0.57 1.21 4.75 23.33 8.72 16.86 10.73 ****

Sundaram - Select Focus Reg (G) 681 0.89 2 2.94 23.11 8.15 13.7 8.03 ***

UTI - Bluechip Flexi Fund (G) 2306 1.15 2.32 5.05 22.41 8.38 15.06 9.18 *

Kotak - Classic Equity Scheme (G) 160 -0.03 0.97 2.85 21.87 9.39 15.41 11.62 ****

Reliance - TOP 200 Fund Ret (G) 8109 -2.64 -0.64 4.29 20.75 9.17 18.13 12.4 ****

Mirae - Asset India Equity Fund Reg (G) 6612 -1.52 -0.78 1.22 20.37 11.85 20.69 NA *****

ICICI Pru - Focused Bluechip Equity Fund Reg (G) 16739 -1.22 0.23 3.5 18.59 9.61 16.81 NA ****


Ratin

g

IDFC - Focused Equity Fund Reg (G) 1264 -1.11 -1.62 2.87 35.13 10.85 15.04 10.35 ***

Mirae - Asset Great Consumer Fund Reg (G) 238 -0.55 -0.74 5.92 30.86 12.89 20.45 NA NR

Edelweiss - Economic Resurgence Fund Reg (G) 39 -1.25 0.12 6.28 28.15 11.37 NA NA ***

Principal - Dividend Yield Fund (G) 138 -1.61 -0.82 5.09 27.44 13.1 16.18 11.48 **

Invesco - India Contra Fund (G) 1018 -1.4 1.42 8.76 26.67 12.92 22.77 15.79 ****

Principal - Growth Fund (G) 611 -1.85 -1.76 4.26 26.42 14.19 21.28 10.41 ****

Axis - Focused 25 (G) 2949 0.28 -0.47 0.72 24.9 11.47 17.06 NA ***

BOI AXA - Equity Fund Reg (G) 108 -0.94 0.16 4.58 24.8 8.62 15.69 NA **

Tata - Retirement Savings Fund Progresive (G) 389 -1.1 -0.56 0.27 24.38 12.94 19.61 NA ****

Axis - Equity Fund (G) 1931 1.06 1.06 1.64 24.26 8.04 15.18 NA ***


BOI AXA - Mid Cap Equity & Debt Fund Reg (G) 330 -0.63 1.14 11.2 31.73 NA NA NA NR

Principal - Balanced Fund (G) 1018 -1.02 -0.12 4.1 23.86 13.62 17.57 11.37 ****

UTI - Childrens Career Advantage Plan (G) 238 -0.21 -0.26 2.7 21.77 10.09 16.74 12.34 ***

Tata - Retirement Savings Fund Moderate (G) 502 -0.83 -0.25 0.5 19.87 11.73 20.16 NA *****

HDFC - Children Gift Invest 2152 -1.08 0.2 4.02 18.24 10.37 18.22 15.94 ****

HDFC - Retirement Savings Fund Hybrid Equity Reg (G) 158 -0.21 1.42 3.93 18.12 NA NA NA NR

Reliance - Reg Savings Balanced (G) 12200 -0.68 0.46 1.16 17.34 11.03 17.25 14.83 ***

HDFC - Balanced Fund (G) 20081 -0.56 0.54 3.13 17.25 10.76 19.05 15.82 ****

SBI - M Balanced Fund Reg (G) 19245 -1.48 -1.37 3.46 16.28 9.1 17.22 11.75 ****

Motilal Oswal MOSt Focused Dynamic Equity Reg (G) 1512 0.34 1.82 1.75 16.27 NA NA NA NR

Scheme AUM (CR) 30 Day 3 Mon 6 Mon 1 Y 3 Y 5 Y 10 Y RATING

EDELWEISS - GREATER CHINA EQUITY OFF-SHORE FUND

(G) 40 9.07 9.31 17.95 43.57 15.16 15.68 NA -

EDELWEISS - EMERGING MARKETS OPP EQUITY FUND (G) 5 6.65 9.56 12.73 31.92 11.19 NA NA -

FRANKLIN - ASIAN EQUITY FUND (G) 120 7.32 7.25 11.32 31.02 13.6 12.52 10.48 -

KOTAK - GLOBAL EMERGING MARKET FUND (G) 33 6.97 9.85 15.37 29.28 7.61 7.31 5.36 -

EDELWEISS - ASEAN EQUITY OFF-SHORE FUND REG (G) 50 4.9 9.08 16.86 26.55 9.78 7.09 NA -

MOTILAL OSWAL MOST SHARES NASDAQ-100 ETF(G) 74 10.66 10.69 18.4 26.13 18.4 24.23 NA -

FRANKLIN - INDIA FEEDER FRANKLIN US OPP (G) 498 8.58 11.71 17.35 23.81 10.6 17.06 NA -

HSBC - GLOBAL CONSUMER OPPORTUNITIES FUND - (G) 4 5.3 4.51 10.4 22.96 8.97 NA NA -

HSBC - ASIA PACIFIC (EX JAPAN) DIVIDEND YIELD REG (G) 8 6.44 7.59 11.17 22.79 10.72 NA NA -

SUNDARAM - GLOBAL ADVANTAGE FUND REG (G) 25 5 7.06 8.4 21.21 8.21 4.81 5.38 -

Back to index

WEALTHY & WISE

TOP 10 MUTUAL FUNDS : DEBT- SHORT TERM

TOP 10 MUTUAL FUNDS : DEBT- CREDIT OPP

TOP 10 MUTUAL FUNDS : DEBT- GILT SHORT TERM

TOP 10 MUTUAL FUNDS : DEBT- Dynamic Bond Fund


Franklin - India ST Income Plan Ret (G) 9280 0.64 1.49 2.8 8.48 8.46 9.27 9.29 *****

Franklin - India Low Duration (G) 5586 0.71 1.65 3.19 8.14 9.12 9.45 NA *****

Baroda Pioneer - Short Term Bond Fund (G) 361 0.69 1.26 2.57 6.99 8.36 8.55 NA *****

DHFL Pramerica - Short Maturity Reg Fund (G) 1657 0.54 0.98 1.92 6.99 8.09 8.61 8.78 ****

Aditya Birla SL - ST Fund Reg (G) 19226 0.55 1 1.94 6.89 8.24 8.85 8.3 ***

Reliance - Medium Term Fund (G) 11794 0.69 1.36 2.67 6.85 8.03 8.39 8.02 ****

HDFC - Banking and PSU Debt Fund Reg (G) 4074 0.09 0.47 1.64 6.82 8.56 NA NA ***

IDFC - Corporate Bond Fund Reg (G) 11832 0.64 1.07 1.77 6.75 NA NA NA **

Aditya Birla SL - ST Opportunities Fund Reg (G) 5309 0.46 0.71 1.43 6.74 7.98 9.11 8.79 *

UTI - Banking & PSU Debt Fund Reg (G) 1197 0.47 0.98 2.29 6.74 8.63 NA NA ****

Scheme AUM(Cr) 30 Day 3 Mon 6 Mon 1 Yr 3 Yr 5 Yr

10

Yr Rating

BOI AXA - Corporate Credit Spectrum Fund Reg (G) 1454 0.72 1.59 3.22 8.89 9.71 NA NA ****

Aditya Birla SL - Corporate Bond Fund Reg (G) 5277 0.59 1.25 2.17 8.43 NA NA NA ***

Franklin - India Income Oppt Fund (G) 3287 0.65 1.54 2.97 8.42 8.56 9.27 NA ****

Franklin - India Dynamic Accrual Fund (G) 3008 0.56 1.43 2.73 8.28 9.28 9.09 7.85 ****

Franklin - India Corporate Bond Oppo (G) 6651 0.53 1.39 2.82 8.01 8.52 9.26 NA ****

Aditya Birla SL - Medium Term Plan Reg (G) 11553 0.45 1.04 1.91 7.94 8.76 9.76 NA **

Baroda Pioneer - Credit Opportunities Fund Plan A (G) 920 0.45 1.03 2.25 7.66 9.55 NA NA ****

L&T - ST Income Fund (G) 1187 0.48 1.2 2.53 7.52 8.8 8.91 NA ****

Principal - Credit Opportunities Fund (G) 87 0.68 1.67 3.18 7.24 8.21 8.33 7.94 ****

Invesco - India Corporate Bond Opp Fund Reg (G) 407 0.66 1.2 2.34 7.23 8.74 NA NA **


Ratin

g

Taurus - Dynamic Income (G) 3 0.39 1.13 2.31 8.94 2.83 4.09 NA NR

ICICI Pru - Long Term Plan Reg (G) 3573 0.3 0.37 -0.36 7.57 8.49 10.98 NA ****

IIFL - Dynamic Bond Fund Reg (G) 115 0.39 0.8 1.75 7.41 6.77 0 NA ***

ICICI Pru - Dynamic Bond Fund Premium Plus (G) 1249 0.16 -0.39 -0.71 6.97 8.98 9.52 NA NR

JM - STF (G) 30 0.42 0.81 1.58 6.04 7.11 7.75 8.8 ***

Quantum - Dynamic Bond Fund Reg (G) 0 -0.03 -0.66 -1.49 5.9 NA NA NA *****

ICICI Pru - Dynamic Bond Fund Reg (G) 1384 0.03 -0.74 -1.4 5.5 7.64 8.37 NA ***

DHFL Pramerica - Dynamic Bond Fund (G) 162 0.1 -0.59 -1.62 5.46 7.3 7.84 NA ***

Baroda Pioneer - Dynamic Bond (G) 21 -0.21 -0.24 0.05 5.44 7.57 8.6 NA ****

Axis - Dynamic Bond Fund (G) 349 0.15 0.01 -0.67 4.75 7.13 7.97 NA ***


Ratin

g

IDFC - G Sec Short Term Reg (G) 96 0.69 0.62 1.21 6.91 8.08 9.45 6.58 ***

ICICI Pru - Gilt Fund Treasury PF Option Reg 65 0.09 -0.24 0.22 6.04 9.44 6.34 7.32 ****

DSP BlackRock - Savings Fund Reg (G) 39 0.64 1.52 2.93 5.94 6.55 7.59 6.57 **

SBI - M Gilt STP Reg (G) 505 0.28 0.56 1.46 5.87 8.8 9.59 8.4 ****

ICICI Pru - Short Term Gilt Fund Reg (G) 146 0.25 0.03 0.36 5.76 8.08 8.23 8.34 ***

UTI - G-Sec Fund STP (G) 26 0.42 0.99 1.88 5.73 7.08 7.66 6.89 **

HDFC - Gilt Fund Short term (G) 367 0.41 -0.01 0.06 5.29 7.74 7.79 6.85 *

CRISIL Gilt Index NA -0.02 -1.45 -2.51 3.16 6.69 NA NA NR

Sundaram - Gilt Fund Reg (G) 12 -0.17 -1.31 -2.68 1.96 5 8.92 6.88 *

CRISIL 10 Year Gilt Index NA -0.32 -2.52 -4.73 -0.56 5.77 6.02 6.1 NR

Back to index

WEALTHY & WISE

TOP 10 MUTUAL FUNDS : DEBT- GILT MEDIUM & LONG TERM

TOP 10 MUTUAL FUNDS : ARBITRAGE

TOP 10 MUTUAL FUNDS : GOLD

Top Performing PMS Schemes


ICICI Pru - Gilt Fund Investment Plan PF Option Reg (G) 860 0.05 -0.62 -2.19 6.14 7.81 8.81 10.02 ***

Aditya Birla SL - Banking & PSU Debt Fund Reg (G) 2743 0.66 1.49 0.69 6.07 6.96 8.01 9.5 NR

Aditya Birla SL - Gilt Plus PF Plan (G) 150 -0.18 -1.72 -3.16 5.59 7.69 8.93 7.63 ****

ICICI Pru - Long Term Gilt Fund Reg (G) 950 0.03 -1.36 -3.32 5.25 7.28 7.9 8.8 ***

DHFL Pramerica - Gilt Fund Reg (G) 144 0.1 -0.56 -0.62 5.19 7.29 7.69 NA ***

Edelweiss - Govt. Sec Fund Reg (G) 494 0.37 0.83 1.61 4.82 6.88 NA NA ***

ICICI Pru - Constant Maturity Gilt Fund Reg (G) 30 -0.59 -1.48 -2.56 4.19 7.23 NA NA ***

Reliance - Gilt Sec Fund (G) 1487 -0.06 -1.44 -2.85 4.05 7.55 8.7 NA ****

HDFC - Gilt Fund Long term (G) 1993 0.01 -0.91 -2.35 3.97 6.82 8.01 7.27 ***

Tata - Gilt Mid Term Fund Plan A (G) 209 -0.16 -0.97 -1.73 3.77 6.56 8.63 NA **


Ratin

g

Reliance - Arbitrage Advantage Fund (G) 6463 0.62 1.79 3.22 6.32 6.62 7.45 NA ***

Kotak - Equity Arbitrage Fund (G) 14592 0.5 1.45 2.98 6.2 6.5 7.5 7.36 ***

BNP Paribas - Enhanced Arbitrage Fund - Reg Plan (G) 654 0.37 1.04 2.72 6.18 NA NA NA NR

L&T - Arbitrage Opportunities Fund (G) 628 0.44 1.41 2.98 6.15 6.48 NA NA ***

Indiabulls - Arbitrage Fund - Reg (G) 510 0.49 1.56 3.15 6.09 6.81 NA NA ***

DHFL Pramerica - Arbitrage Fund Reg (G) 1460 0.39 1.23 2.73 6.07 6.43 NA NA ***

Edelweiss - Arbitrage Fund Reg (G) 5740 0.47 1.45 2.98 6.06 6.62 NA NA ***

UTI - Spread Fund (G) 2146 0.46 1.46 2.99 6.03 6.39 7.03 7.28 **

Axis - Enhanced Arbitrage Fund - Reg Plan (G) 2098 0.5 1.52 2.97 5.96 6.36 NA NA **

IDFC - Arbitrage Fund Reg (G) 2906 0.48 1.48 2.93 5.93 6.27 7.3 6.96 ***


HDFC - Gold ETF 454 1 6.45 0.11 5.48 4.41 -0.42 NA NR

IDBI - Gold ETF 69 1.06 6.6 0.53 5.1 4.56 -0.34 NA NR

SBI - Gold Fund Reg (G) 390 0.96 6.27 -0.31 5.02 3.69 -1.13 NA NR

UTI - Gold Exchange Traded Fund (G) 430 1.04 6.59 0.29 4.66 4.36 -0.48 7.77 NR

R*Shares Gold BEES 2435 0.94 6.4 0.13 4.47 4.26 -0.5 7.74 NR

Can Robeco - Gold ETF 51 1.07 5.99 0.38 4.38 3.97 -0.8 NA NR

Quantum - Gold ETF (G) 55 1.04 6.53 0.17 4.37 4.11 -0.58 7.72 NR

Aditya Birla SL - Gold ETF 68 1.02 6.55 0.22 4.34 4.24 -0.53 NA NR

Invesco - India Gold ETF 37 1.02 6.51 0.15 4.34 4.16 -0.56 NA NR

Kotak - Gold ETF 403 1.04 6.58 0.2 4.34 4.09 -0.66 7.66 NR

Scheme 30 Day 3 Mon 6 Mon 1 Yr 3 Yr 5 Yr 10 Yr Rating

Motilal Oswal IOP Strategy - PMS -7.29 -5.64 -0.28 16.33 17.54 23.79 NA NR

Hexagon PMS -6.30 -5.50 3.60 26.40 NA NA NA NR

Sundaram Midcap Strategy NA NA NA 24.60 16.30 29.90 NA NR

Sundaram Small Cap Strategy NA NA NA 24.60 19.90 32.30 NA NR

Motilal Oswal NTDOP Strategy - PMS -2.47 6.4 0.13 4.47 4.26 -0.5 7.74 NR

Motilal Oswal Value Strategy - PMS -3.96 5.99 0.38 4.38 3.97 -0.8 NA NR

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Retirement Can Ruin - Saksham Wealth€¦ · WEALTHY & WISE PAGE 03 H ealthcare costs in retirement...

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